Called the DBSA Youth Challenge, the competition invites entrants aged 18-35 to submit innovative development ideas that address infrastructural needs across various sectors. The winning submissions will attract a total of R1.5 million in prize money.
The DBSA sees the competition as an opportunity for young people to have a voice and participate in the economy, thereby bringing them from the margins to the centre. With technology making it possible to change the way services are delivered, the development institution believes there is room for more young people to get involved in finding innovative solutions to infrastructure problems that will directly influence their future.
“As development practitioners we partner with stakeholders to co-produce impactful development solutions. Through initiatives such as the DBSA Youth Challenge, we look forward to working more closely with a segment of our society that is the foundation for our country’s future,” said Sebolelo Matsoso, Head of Communication and Marketing at DBSA.
Ideas must address one or more of the infrastructure development needs within the DBSA’s core sectors which are energy, water, transport, Information Communication Technology (ICT) and/or social sectors; namely health, education and human settlements (housing) sectors. Entries should be original, relevant to society, scalable and feasible. Entries open this week and close on 31 August. (Extended to 30 September)
Interested individuals can submit their ideas via https://dbsayouthchallenge.org or by posting them to DBSA, PO Box 1234, Halfway House, 1685, Midrand. The top 10 finalists will have an opportunity to promote their ideas and network with potential sponsors before the three winners are announced at a Gala event later in the year.
Note to Editors:
About the Development Bank of Southern Africa
The DBSA is a Development Finance Institution (DFI) established in 1983 that is wholly owned by the Government of the Republic of South Africa, and reports into the Ministry of Finance.
The DBSA participates across the entire infrastructure value chain inclusive of the planning, project preparation, financing and implementation stages.
Over the past two years, the Development Bank of Southern Africa (DBSA) has positioned itself to be more effective in meeting its mandate of delivering development impact in South Africa and across the continent through infrastructure financing.
The vision of the DBSA is to facilitate the creation of a prosperous and integrated resource-efficient region, progressively free of poverty and dependence. Its mission is to support regional integration and economic growth through investment in economic infrastructure and to improve the quality of life of people through the development of social infrastructure.
“We are a values led and purpose driven institution. This means that to do so we must accelerate the pace of delivering infrastructure solutions that have an impact across the continent and contribute towards building Africa’s prosperity.” says Patrick Dlamini, Chief Executive at DBSA.
For further information contact:
DBSA Media Relations
Head of Communications and Marketing
(011) 313 3716
(011) 313 3718
Or DBSA Communications